What is the average credit card debt per family in the US?

On average, Americans carry $6,194 in credit card debt, according to the 2019 Experian Consumer Credit Review. And Alaskans have the highest credit card balance, on average $8,026.

How much debt does the average family have?

The average American has $52,940 worth of debt across mortgage loans, home equity lines of credit, auto loans, credit card debt, student loan debt, and other debts like personal loans.

What’s the average credit card debt in America?

Here’s the average credit card debt broken down by generation: Generation Z: $1,963. Millennials: $4,322. Generation X: $7,155.

What is the average family credit card debt in the US Dave Ramsey?

$14,821
The average credit card debt per household with this type of debt is $14,821—with the total in America hitting $819 billion. The average APR (annual percentage rate, or interest rate) on credit cards is 16.28. And those 55 million households who have credit card balances pay that average interest.

How much does the average American have in credit card debt?

Given the 126.2 million American households, the average household has around $8,161 in revolving debt, approximately $6,577 of which is credit card debt. With nearly 248 million Americans over the age of 18, that comes out to a total of $3,353 in credit card balances per US adult. Of course,…

Which is the state with the most credit card debt?

The typical household in Alaska carries the most credit card debt – an average of $13,048 – this is 13% more than Wyoming, which is the next state carrying the highest average credit card debt. The average household in Ohio holds just $5,446 in credit card debt, which is the least of any state.

What’s the average interest rate on a credit card?

Average credit card interest rate American has on credit card debt – 14.14% This is a breakdown of the average credit card debt 2020 statistics of the top 10 countries by Gross Domestic Product (GDP). Theoretically, one might expect the countries that have the lowest amount of credit card debt to be the top GDP country.

What’s the average credit score in the United States?

The average U.S. credit score also rose seven points to a record high of 710 in the third quarter of 2020 3, according to Experian data. Many Americans paid down their credit card balances during the pandemic, but plenty are still struggling with debt.